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Shares of logistics companies fell sharply on Wednesday as hopes of GST fade.
Gati fell as much as 9 per cent, Transport Corp of India plunged 8.41 per cent, Allcargo Logistics dropped 5.4 per cent, VRL Logistics shed 4.8 per cent, and Blue Dart Express was down 2.07 per cent.
The main Opposition Congress party had disrupted a Parliament session on Tuesday accusing the government of pursuing a "vendetta" against the Gandhi family.
The disruptions risk further delays to goods and services tax, centrepiece of PM Narendra Modi’s reform push.
Logistics firms stand to gain most from introduction of GST, a nation-wide tax that will replace a long list of state levies.
The Government plans to introduce GST from April 2016 ($1 = 66.7500 Indian rupees).
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